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How can you get evaluation of an energy system idea in terms of engineering feasibility and economic feasibility?
You need a fairly complex system to be evaluated on an energy system in terms of economic feasibility and engineering feasibility.
Why is feasibility study important for system design?
Why is feasibility study important for system design?Read more: Why_is_feasibility_study_important_for_system_design
A far-reaching river system was an economic advantage for which sections of the US during its expansion and development?
south and west A far-reaching river system was an economic advantage for which sections of the US during its expansion and development?
A far-reaching river system was an economic advantage for which sections of the United states during its expansion and development?
South And West
What is economic feasibility How do you know if a project is economically feasible?
Economic feasibility is the analysis of a project's benefits and costs. The purpose is to help management decide whether or not they should continue. If the future benefits outweigh the estimated cost of developing or acquiring the new system then it is economically feasible.
How can you get evaluation of an energy system idea in terms of engineering feasibility and economic feasibility?
You need a fairly complex system to be evaluated on an energy system in terms of economic feasibility and engineering feasibility.
Why Feasibility Study is important in System Development?
feasibility is the measure of how much a new solution
What are the six stages of the traditional system development lifecycle?
Feasibility Analysis Design Implementation Test Maintain
Name and explain system development life cycle?
A.preliminary stage or the problem identification stage B.feasibility:this is done to enbale one identify if the system being used is effective. usually a team is set up called the feasibility team, they measure the performance of the system and weigh the cost and benefit of the system, this is called the COST BENEFIT ANALYSIS. to derive the CBA, the four steps below are used. 1.technical feasibility 2.economic feasibility 3.social feasibility 4.operational feasibility C.system investigation the system investigation as the name implies finds facts in the system, that will determine whether it working efficiently or not. it uses three main steps 1. fact finding: which can be done through, interviews, questionaires and observations 2. fact recording: recording it in writing, tabulating 3. evaluation: it can be evaluated using the flow chart, organisational charts etc system analysis system design stage system implementation pre-evaluation stage
What are the types of project feasibility factors?
The types of project feasibility factors are economic, technical, operational, schedule, legal and contractual, and political. Economic feasibility is the process of identifying the financial benefits and costs associated with a development project. Technical feasibility is the process of assessing the development organization's ability to construct a proposed system. Operational feasibility is the process of assessing the degree to which a proposed system solves business problems or takes advantage of business opportunities. Schedule feasibility is the process of assessing the degree to which the potential time frame and completion dates for all major activities within a project meet organizational deadlines and constraints for affecting change. Legal and contractual feasibility is the process of assessing potential legal and contractual ramifications due to the construction of a system. Political feasibility is the process of evaluating how key stakeholders within the organization view the proposed system
What feasibility measures how will the proposed system will work?
Schedule feasibility
Areas of Feasibility in knowledge management system?
economic feasibility, technical feasibilty, behavioral feasibility
What is the difference between initial investigation feasibility study in SDLC?
what is the user requiremnet in the initial investigation of System development life cycle
Feasibility study on computerized library management system?
cultural and political feasibility of library management system.
Why is feasibility study important for system design?
Why is feasibility study important for system design?Read more: Why_is_feasibility_study_important_for_system_design
What is social feasibility?
Social feasibility is a detailed study on how one interact with others within a system or an organization.
What is the general objectives of the feasibility study?
Feasibility is the study of whether or not a project is worth doing. The process followed in making this determination is called a feasibility study. The main objective of the feasibility study is to prepare 1) Project Specification 2) Cost Benefit Analysis 3) Prepare Feasibility Report. The project specification has all the information about the project which is more like a guideline for the project. It gives a great insight to the management about the kind of investment involved for undertaking a project along with the manpower, hardware, software and other factors. Cost Benefit analysis is a method to identify the gross benefit involved in the development and implementation of a new system. Basically, it tells the organization whether they are economically prepared for the project. Feasibility Report contains various feasibility studies like:- Technical Feasibility Economic Feasibility Operational Feasibility Social Feasibility Time Feasibility Management Feasibility And Legal Feasibility.
